Tuesday, December 28, 2010

JAKS wins RM201m construction contract

JAKS Resources Bhd wholly-owned subsidiary, JAKS Sdn Bhd, has secured a construction contract worth RM201 million from MNH Global Assets Management Sdn Bhd.

JAKS Resources in a filing to Bursa Malaysia today said the contract is for the earthworks, retaining wall, piling works and sub-sector works of the proposed commercial development at Jalan PJU 1A/4, Ara Damansara, Petaling Jaya, Selangor.

The work is expected to be completed by March 2012 and is expected to improve the future earnings of the JAKS Group.--BERNAMA

Wednesday, December 22, 2010

PLUS,5052

(吉隆坡22日讯)任何对南北大道(PLUS,5052,主要板贸易)有意的买家,需在明年1月10日前交付5000万令吉现金的订金,分析员一致叫好,赞赏此举有助让浑水摸鱼的人士知难而退。

至于明天(23日)将展延的股东特别大会,预计无法在短期内召开。

侨丰投资研究分析员吴杰敏指出,南北大道董事局拟定的最新献购条件确是好事,有助解清小股东心中的疑团。

他告诉《中国报》,特别是征收5000万令吉现金、但献购遭拒后可退还的订金,更有效抑制存心搅局的有心人士浑水摸鱼。

“否则,任何来路不明的单位都可竞相献购,股价必然水涨船高,最后却宣称融资不足以致计划告吹,但恐怕早已从直线攀扬的股价大赚一笔。”

对Jelas Ulung有所保留

问到这是否马股企业并购的惯例时,他坦言,自己也是第一次听闻。

“市场对Jelas Ulung的背景非常陌生,但必须在23日前提供所有股东和董事、相关人士等的资料,小股东到时会较容易比较。”

大马投资研究分析报告也认同说,对Jelas Ulung的献议始终有所保留,毕竟相关细节并不完整。

“媒体报导Jelas Ulung需筹资高达380亿令吉,其中330亿令吉源自中国银行,余下50亿令吉则是股票融资。”

UEM集团董事经理兼总执行长拿督依查汀另回覆《中国报》询问强调,如今有待南北大道的独立董事展开所有评估工作,所以目前无法置评。

“我们预计,南北大道的股东特别大会相信不能在短期召开,但至少所有事情无需赶在今年底完成,或许仍是件好事。

Friday, December 3, 2010

Two projects lift Glomac Q2 net profit

KUALA LUMPUR: Glomac Bhd posted a higher net profit of RM15.9mil for the second quarter ended Oct 31 against RM9.3mil a year earlier, mainly due to contributions from on-going progress completion from Glomac Tower and Glomac Cyberjaya.

Its pre-tax profit for the period almost doubled to RM32mil from RM16.3mil previously. Revenue for the period was 86.3% higher at RM140.9mil versus RM75.6mil a year ago.

For the six-month period ended Oct 31, Glomac posted a net profit of RM31.4mil on revenue of RM267.2mil.

Glomac said its unbilled sales as at the end of October remained high at RM572mil, and this remained one of the key earnings growth drivers for the group going forward.

We are confident that our sales momentum can be sustained. Glomac is well positioned, having more than RM2.5bil worth of development projects for launch, group executive chairman, Tan Sri F.D. Mansor said in a statement.

Our balance sheet is healthy, giving us the capacity to further seek out landbank acquisition opportunities, he said.

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